Even a 25% fall in their incomes due to the lockdown will make 354 mn more people poor. fixing this with cash transfers will cost the govt Rs 19,500 cr per month.

The trend of low power demand, now furthered in the post-Covid economy, and increased RE generation, will continue to put a ceiling on the PLF of the thermal fleet.

The industry is the most apt for creating livelihoods. Govt should consider supporting SMEs in the sector through tariffs to prevent their collapse due to the pandemic

Even supporting the poor—whose numbers will double—can cost Rs 65,000-130,000 crore per month

India’s Achilles heel on ratings is its parlous state of fiscal affairs and the risk of a sharp deterioration of government debt to potentially ~75-80% of GDP.

The need is for a temporary unemployment benefit scheme for up to 100 days a year similar to the MNREGS so that urban workers do not suffer during short periods of unemployment.

The Covid 19 crisis is an opportunity to redefine tax policy and law. A calibrated approach to balance welfare economics with a vision to pioneer economic activity and national growth is needed.

With crude price low, the govt should think of moving completely to DBT for food, fertiliser and power.

India’s share of world manufacturing output is just 3%; it can easily be raised to 6% in 3-4 years, and 15% by 2030

In an unprecedented crisis, you would expect them to take full responsibility for lakhs of poor; as they did in ancient times.

With the lockdown gradually easing, mobility data has begun to tick higher. But, a sudden rise in the Covid-19 proliferation rate, and working capital requirements, may add more road bumps ahead

The Katoch committee, in 2015, had proposed several measures like setting up parks for API, providing capex, and subsidised loans to boost domestic production of APIs.

India is better placed to manage uncertainty arising from different monetary policy...

With more than 49,000 positive Coronavirus cases in India, rolling out a vaccine has become a key focus for Indian scientists and researchers.

According to an official source, it has not been ascertained from where these doctors, nurses and paramedic staff have acquired the infection.

As trade tensions escalate between Washington and Beijing, India is boosting efforts to lure more than 1,000 US businesses out of China, reportedly offering to ease tax and labor laws, and allowing easier access to land.
Read Full Article at RT.com

More than a hundred soldiers were involved in a confrontation along the contentious Indian-Chinese border in the Himalayas, Indian media reported. The encounter allegedly left injuries on both sides.
Read Full Article at RT.com

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DeepIntent applies AI to data to identify medical and patient audiences for healthcare marketing, track them across devices, and deliver impactful messages

PM Modi said that the action should be taken for a more proactive approach to handhold the investors.

According to Dun & Bradstreet's latest Economy Forecast, the changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic is brought under control.

With the latest cut in prices, a 14.2 kg non-subsidised LPG cylinder would cost Rs 581.50, instead of Rs 744 with effect from today.

Kumar said as long as the lockdown continues, economic activity will remain tepid, but "demand should be there in the economy" and the question of logistics can be taken care of. The SBI chairman also said complete easing of the curbs is still some time away.

He added that the Department for Promotion of Investment and Internal Trade is working to create a genuine single window for setting up factories and manufacturing units.

BHEL has released an Expression of Interest (EOI) inviting global companies to leverage its facilities and capabilities for setting up a manufacturing base in the country.

Curiously, the majority of those who say they want their economies to restart before the virus has been contained also report being “very nervous” about leaving home.

Even as India is the second-largest consumer of gold, it imported only 50 kg of gold in April, compared to 110.18 tonnes in the same month a year ago.

The agency said India's fiscal position has been weak for a long time now and is a major factor constraining sovereign credit rating along with the government debt.

Explaining why online learning has changed the education scenario, the Indian-origin economist said that with classes going online, someone in India can now take a course at MIT.

The government’s surprise move to increase excise duty and cess on petrol and diesel may not help the exchequer in raising tax revenues by much.

In a major announcement today, Madhya Pradesh CM Shivraj Singh Chouhan has proclaimed that new registration and license for companies, shops, etc, in MP will be done in one day, compared to 30 days.

The latest move by the UP government has exempted businesses from the purview of almost all the labour laws for the next three years.

Moody's had, in November 2019, downgraded India's outlook to negative from stable on concerns of lower economic growth.

Moody's said high government debt, weak social and physical infrastructure, and a fragile financial sector face further pressures due to the coronavirus outbreak.

In consumer goods, the textile and clothing sector; food products; and crop and animal production have the highest comparative advantage in India.

The new labour reforms will promote ease of doing business in the state. however, it is crucial that companies safeguard the interests and wellbeing of the labourers.

After the representation for businesses and tourism from Indian officials as a move could be seriously jeopardized, the governments of Hong Kong drops plan to scrap visa free entry for Indians. Scrapping programme for Indians was considering the former…

The lockdown has led to less pollution and clear skies. So why not indulge in some night sky gazing?

Coronavirus cases in India live news:

In April, Prime Minister Narendra Modi in a telephonic conversation with South African President Cyril Ramaphosa had conveyed India’s "full support" to the African continent to deal with fighting the spread of COVID-19.

Ambassador Sandhu also expressed some of the cooperation the US government has shown in the evacuation effort by the Indian government for its citizens stranded in the US post the lockdown across the world.

Inspector General of Police Vijay Sakhare said all arrangements are in place to facilitate the safe stay of those repatriated, comprising 440 Keralites and people from other parts of the country.

The troops disengaged after dialogue at the local level, they said.

In a communication to all states and union territories, the NDMA said due to several weeks of lockdown and the closure of industrial units, it is possible that some of the operators might not have followed the established standard operating procedures.

Her mother was at the door just as she had imagined but instead of a 'thali' was a hand sanitiser! ''Good hygiene is a blessing in times of coronavirus, my mother told me,'' laughed the 37-year-old.

India’s Ministry of External Affairs in a cryptic statement after the meeting between two sides reiterated that the US recognised “India's constructive contribution to economic development, reconstruction and humanitarian assistance to Afghanistan”.

MHA has said that if any industry has trouble in handling vital backward linkages that may be essential to their safe functioning, they should approach local district administration for specific support.

Beginning May 9, Air India has scheduled seven non-scheduled commercial flights from the US to India facilitating the return of Indian nationals, who could not travel due to COVID-19 restrictions, the Indian Embassy in Washington had said in its advisory on Wednesday night.

Three foreign nationals, including a 39-year-old woman, have been arrested for allegedly robbing an LPG gas cylinder delivery person in South Delhi's Hauz Khas, police said on Saturday.

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